Mastech Digital (NYSEAMERICAN:MHH) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mastech Digital (NYSEAMERICAN:MHH) in a research note published on Sunday. The firm issued a buy rating on the stock.

Mastech Digital Price Performance

Shares of NYSEAMERICAN:MHH opened at $8.82 on Friday. The stock has a market cap of $102.49 million, a P/E ratio of -14.23, a price-to-earnings-growth ratio of 0.84 and a beta of 0.52. Mastech Digital has a 12-month low of $7.50 and a 12-month high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH) last released its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $46.05 million during the quarter, compared to the consensus estimate of $46.38 million. Mastech Digital had a positive return on equity of 3.45% and a negative net margin of 3.55%. On average, sell-side analysts forecast that Mastech Digital will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Mastech Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Mastech Digital by 11.8% during the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock worth $171,000 after acquiring an additional 2,000 shares during the period. Anchor Capital Advisors LLC grew its holdings in Mastech Digital by 65.2% in the third quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock valued at $285,000 after purchasing an additional 12,484 shares during the last quarter. Capital Management Corp VA lifted its position in shares of Mastech Digital by 3.0% in the third quarter. Capital Management Corp VA now owns 794,459 shares of the company’s stock valued at $7,150,000 after acquiring an additional 23,325 shares in the last quarter. Finally, Access Investment Management LLC purchased a new stake in shares of Mastech Digital in the fourth quarter valued at $1,042,000. Hedge funds and other institutional investors own 18.43% of the company’s stock.

Mastech Digital Company Profile

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.